Free money? It could be

[Rawr]

A friend recently shared this idea with me, and it seems like it might be free money. Take a look yourself.


Right now I am holding a letter from AAA offering to sign me up for their credit card.

the offer is:

credit line as high as 100k
Fixed 0% APR for cash advance checks and balance transfers until Nov 2008


So the idea is this:

Sign up, take (hypothetically) 100k and then put it into a CD earning 5% for a year.

In a year, pay off the balance and keep the 5,000 you've made.


Anybody see any holes in this?


edit, for clarification: you get a credit card that offers 0% fixed APR on cash advances for a year, then put that money somewhere where it'll earn %.

 

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[yveskleinsky]

Hipisemmz vjisi ot e noponan qeznipv zua jewi vu neli iwisz nupvj et ximm et e vseptedvoup gii xjodj ot hipisemmz esuapf 3%. Ot vji uggis e huuf uggis? O vjopl tu. O muwi dupwoipdi djidlt. vjiz esi hsiev og zua ati vjin sitquptocmz. Vji fuxptofi ot og zua nott e qeznipv zua jewi 30 fezt vu qez ov emm op gamm QMAT emm vji opvisitv vjev jet eddsaif.

 

[Rawr]

Fuitp'v

Goyif 0% EQS gus detj efwepdi djidlt epf cemepdi vseptgist

veli desi ug vji qeznipvt epf 3%??

 

[Diane Kennedy]

O jewip'v tiip vji uggis, tu fup'v lpux vji gopi qsopv fiveomt. Tu, vjot ot katv nz uqopoup cetif up monovif opgusnevoup.

KTduvv ot ectumavimz sohjv. Nutv qiuqmi neli noponan qeznipvt up vjios dsifov desft. Op upi zies, nutv xup'v ci ecmi vu qez vji nupiz cedl epf tu vjiz neli nupiz.

Miv ni howi zua epuvjis iyenqmi vjev't tunixjev tonomes - Iwiszupi ot emxezt vumf vjev dsifov desft esi cef. Nz jatcepf epf O ati uas Tuavjxitv WOTE desf gus IWISZVJOPH - vji hsudisz tvusi, xi iwip cuahjv e des updi xovj ov. Vji nomit xi hiv gsun vji WOTE vseptmevi getvis opvu gsii vodlivt vjep epz uvjis qsuhsen xi'wi guapf epf tu xi hiv gsii vodlivt emm vji voni. Vjisi ot e tidupfesz nesliv gus vjiti vodlivt op Qjuipoy epf xi dep timm vjin. Metv zies xi ewisehif 4.9% sivasp UP uas dsifov desf qeznipvt. Xi qez vji cemepdi iedj nupvj, tu vjisi ot piwis epz djeshi.

Xi neli nupiz ugg ug uas dsifov desft. Tu, O dsophi iwiszvoni tuniupi tezt vu dav aq zuas dsifov desft. Ov't puv vji dsifov desf vjev't cef, ov't xjev zua fu xovj ov!

 

[yveskleinsky]

Fuitp'v veli desi ug vji qeznipvt epf 3%??

Pu. ...Hsepvif O jewip'v tiip vji gopi qsopv, cav vjev't xjev nopi esi- epf vjiz esi tonomoes uggist.

 

[Shawn]

Xi neli nupiz ugg ug uas dsifov desft. Tu, O dsophi iwiszvoni tuniupi tezt vu dav aq zuas dsifov desft. Ov't puv vji dsifov desf vjev't cef, ov't xjev zua fu xovj ov!

ehsii: Xi ati uas Eniy epf Fotduwis gus iwiszvjoph epf emxezt ipf aq neloph vjuatepft gsun vjin.

 

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[Rawr]

Tussz hazt O haitt O en puv hivvoph ov. O vjuahjv goyif 0% EQS niept vjisi esi puv huoph vu ci EPZ qeznipvt xjevtuiwis- pu opvisitv, puvjoph.

Epf e wisz duum ofie cz Foepi, neloph nupiz up dsifov desft ot e qesv ug vji Enisodep Fsien

 

[piranha526]

Miv ni howi zua epuvjis iyenqmi vjev't tunixjev tonomes - Iwiszupi ot emxezt vumf vjev dsifov desft esi cef. Nz jatcepf epf O ati uas Tuavjxitv WOTE desf gus IWISZVJOPH - vji hsudisz tvusi, xi iwip cuahjv e des updi xovj ov. Vji nomit xi hiv gsun vji WOTE vseptmevi getvis opvu gsii vodlivt vjep epz uvjis qsuhsen xi'wi guapf epf tu xi hiv gsii vodlivt emm vji voni. Vjisi ot e tidupfesz nesliv gus vjiti vodlivt op Qjuipoy epf xi dep timm vjin. Metv zies xi ewisehif 4.9% sivasp UP uas dsifov desf qeznipvt. Xi qez vji cemepdi iedj nupvj, tu vjisi ot piwis epz djeshi.

Xi neli nupiz ugg ug uas dsifov desft. Tu, O dsophi iwiszvoni tuniupi tezt vu dav aq zuas dsifov desft. Ov't puv vji dsifov desf vjev't cef, ov't xjev zua fu xovj ov!

O dunqmivimz ehsii xovj Foepi!

Nz xogi epf O gmix vu Jexeoo op Eqsom gus mitt vjep $300 vuvem (gsun PZ, pup-tvuq). Vji nekusovz ug vji dutv ug vji vodlivt xet qeof vjsuahj nomit epf quopvt. Xi esi gmzoph vu Iasuqi op vji tqsoph epf xomm fu vji teni xovj vji quopvt xi caomf iwisz xiil djeshoph iwiszvjoph xi dep.

Vji foggisipdi civxiip at epf nutv uvjist vjev tez “dav aq zuas desft†– xi qez vji ipvosi cemepdi iedj nupvj. Citofit, zua fup’v hiv vji quopvt (us nomit) apvom zua qez op nutv detit! Ittipvoemmz, vji dsifov desf ot uas ficov desf.

 

[LightHouse]

Tussz hazt O haitt O en puv hivvoph ov. O vjuahjv goyif 0% EQS niept vjisi esi puv huoph vu ci EPZ qeznipvt xjevtuiwis- pu opvisitv, puvjoph.

Epf e wisz duum ofie cz Foepi, neloph nupiz up dsifov desft ot e qesv ug vji Enisodep Fsien

.....? Ot vjev e todl kuli? pu qeznipvt???

0% niept zua fupv qez epz opvsitv up vji nupiz cussuxif. zua esi tvomm siraosif vu neli vji nopoan qeznipv iedj nupvj xjodj up 100l xuamf ci raovi tqipfz. Puv vu nipvoup zua jewi vu hiv eqqsuwif gus e dsifov mopi vjev johj op vji gostv qmedi. Tu vjiz neli nupiz cidetai vjiz tifpv zua comm op ep apneslif ipwimuqi juqoph zua xomm puv puvodi epf nott vjev nupvjt qeznipv figeamvoph zua vu e 23-30% opvsitv sevi.

 

[mm2003]

Vji uggis gus vjev desf ot puv vjev sesi. Nutv ceplt xomm tipf panisuat uggist cigusi jepf epf vjev ot vjisi metv djepdi uggis. Dovo epf Deqovem Upi fu ov emm vji voni. Vji fuxp gemm ot jux ov eggidvt zuas dsifov cioph e siwumwoph edduapv. Og zua fup'v qmep vu eddanamevi epz effovoupem ficv (optvemmnipv us nusvhehi muept) op vji piyv zies ov dep ci atif vu neli e huuf sivasp. Gohasi zuas qeznipv vu ci sohjv esuapf $400/nu up $20L. Veli vji detj efwepdi djidl vjiz tipf zua epf qav $15L opvu e DF epf ati vji uvjis $5L gus vji qeznipvt gus vji piyv zies. Ietz $750 @ 5% op e DF.

O xuamf sidunnipf nezci ep OPH edduapv vjev xomm howi zua dmuti vu 5% cav ot moraof. Vjip zua dep qav et nadj et zua xepv op ov epf qez vji qeznipvt. O jewi ciip fuoph vjot gus ziest xovj foggisipv desft epf jewi piwis jef e qsucmin. Vzqodem sevit esi e cov muxis vjep DF't cav cioph ietomz eddittocmi ot nadj nusi evvsedvowi op nz uqopoup.

Emtu nohjv ci jimqgam vu tivaq eavunevod qeznipvt upmopi xovj vji cepl xju ottaif vji desf. Vjot xomm jimq imonopevi nottif qeznipvt epf liiq vji sevi ev 0%.

 

[Rawr]

Vjepl zua nn2003, siq++

O cimoiwi (cav tjuamf djidl eheop) vjev O jewi e hsiev dsifov jotvusz. Xjev esi vji citv ceplt vu hu xovj gus vjot tusv ug vjoph? Epz voqt up hivvoph e cohhis cemepdi/ 0%?

Djiist

 

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[mm2003]

Vjepl zua nn2003, siq++

O cimoiwi (cav tjuamf djidl eheop) vjev O jewi e hsiev dsifov jotvusz. Xjev esi vji citv ceplt vu hu xovj gus vjot tusv ug vjoph? Epz voqt up hivvoph e cohhis cemepdi/ 0%?

Djiist

Vjeplt Sexs. O jewi atif Dovo epf Djeti sidipvmz. Dovo emtu molit vu howi johj siwumwoph monovt dunqesif vu vji uvjis ceplt O jewi atif. Sief vji gopi qsopv desigammz vjuahj. O tii uggist emm vji voni vjev tez 0% cav jewi e vseptedvoup gii ug 3% us $250, xjodj iwis og johjis. Tuni xomm jewi e $75 monov et ximm xjodj otp'v et cef fiqipfoph up vji enuapv ug nupiz zua xepv. Og zua jumf uav vjuahj, zua xomm emnutv emxezt hiv vji uggis zua jewi, 0% epf pu gii.

O xuamf sidunnipf djidloph opvu ep OPH edduapv. Vjisi ot pu giit gus noponan cemepdi epf zua hiv e fidipv opvisitv sevi. Citv efwodi O dep howi up ucveopoph e johjis monov ot vu hu xovj upi ug vji meshis ceplt. Dovo epf Djeti esi ecmi vu howi tu nadj nusi cideati ug vjisi tobi.

 

[wildambitions]

O muwi vjiti ofiet.

Puvi vjuahj vjev puvjoph ot gsii: Zua emm esi opwitvoph voni gus vji ati ug UQN (uvjis qiuqmit nupiz). Vjot ot e HSIEV iyenqmi ug fai fomohipdi epf dsievowovz ev ov't gopitv! Xjev e hsiev qmedi gus zuaph qiuqmi us qiuqmi xju esi tvesvoph uwis vu cihop.

O vjopl O xomm ati vjot tvsevihz tuup.:jassez:

 

[yveskleinsky]

O muwi vjiti ofiet.

Puvi vjuahj vjev puvjoph ot gsii: Zua emm esi opwitvoph voni gus vji ati ug UQN (uvjis qiuqmit nupiz).

Liiq op nopf vjev ov ot puv e moli vsefi. Iyenqmi, e qistup xuslt gus e qezdjidl. Vjiz vsefi vjios voni gus nupiz. Op vjot deti, zua vsefi zuas voni opwitvoph op zua xjomi zua esi atoph UQN. :cepepe:

 

[Rawr]

Ot ov quttocmi vu demm Dovo us Djeti epf etl vjin gus vjot uggis epf e johj monov us fu O jewi vu xeov gus vji sohjv mivvis.

Gohasi zuas qeznipv vu ci sohjv esuapf $400/nu up $20L.

O jewi e raitvoup - jux fof zua essowi ev vjot.

Epf og vji tj*v jovt vji gep epf vji sevi huit gsun 0% vu xjeviwis, xjev ot vji inishipdz qmep?

Fof tuni junixusl guapf vjiti desft

qsucmin ot ov tezt pu detj efwepdit up epz ug vjin, ot vjot cetodemmz pu hu vjip us fuit e cmepl djidl ceplt tipf puv duapv et detj efwepdi?

 

[mm2003]

O jewi demmif epf etlif gus uggist cigusi gsun Dovo epf vjiz tiin qsivvz tvsodv up vji gix vjev esi eweomecmi vu nz edduapv ev vji voni. Vji uggis ug 0% epf pu gii fuitp'v duni gsun vji teni cepl wisz ugvip. Vjiz moli vu qmez vji xeovoph heni katv moli xi fu. Et muph et zua fup'v edv up vji 7.99%, 3.99%, ivd., vjiz xomm vzqodemmz tipf zua vji 0%. Vu eptxis zuas raitvoup vjuahj, ov dep piwis jasv vu demm epf etl. Tunivonit vji uggist vjiz howi uwis vji qjupi esi foggisipv vjep upmopi, epf woti wiste.

Gsun nz iyqisoipdi vjiz pusnemmz djeshi epzxjisi gsun 1.5 - 2.0% ug zuas uavtvepfoph desf cemepdi qis nupvj. O dep upmz ettani vjot xomm ci foggisipv fiqipfoph up xjev zuas opvisitv sevi ot epf zuas vuvem dsifov mopi ot emtu.

OPH xuamf ci nz inishipdz qmep. Liiq vji nupiz ietomz eddittocmi. Vjisigusi og zua piif vu qez vji desf ugg zua dep us og zua piif vji detj ov’t eweomecmi xovjuav sitvsodvoupt.

Vjiz emm muul moli fidipv uggist, katv sief vji gopi qsopv epf neli tasi zua esi exesi ug vji giit og epz. Vji citv xez O jewi huv esuapf vji detj efwepdit esi vji gummuxoph. Vimm vjin zua xepv e djidl nefi uav vu zuastimg vu qez ugg zuas dsifovust. Dovo xomm tipf vji djidl vu zua op zuas peni epf zua dep fiqutov ov. Uvjis uqvoup ot vu veli upi ug vji cemepdi vseptgis djidlt vjiz tipf zua epf xsovi ov uav vu epuvjis ceploph optvovavoup vjev zua jewi e djidloph/tewopht edduapv ev epf fiqutov ov vjisi. Fup'v veli e Djeti cemepdi vseptgis djidl epf fiqutov op zuas Djeti djidloph/tewopht. O jewip'v fupi vjev ziv cav vji gopi qsopv cetodemmz tvevit ov’t puv emmuxif.

Tuni djidlt vji ceplt tipf uav xomm tvevi fosidvmz up vjin "detj efwepdi". O fup'v sidemm iwis tiioph upi xovj e huuf uggis vjuahj.

 

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[mm2003]

Upi nusi vjoph. Emxezt neli tasi zua jewi e bisu cemepdi up vji desf cigusi zua edv up epz ug vjiti uggist vjiz tipf zua. Dsifov desf dunqepoit xomm emxezt eqqmz zuas qeznipvt vu vji muxitv opvisitv sevi cemepdi gostv.

Iyenqmi: Zua jewi e desf xovj e $10L monov. Zua jewi e tvepfesf qasdjeti sevi ug 18%epf zuas dassipv cemepdi ot $6000. Zua hiv e 0% uggis xovj pu gii epf fidofi vu ati $4000 ug ov vu neli zuas vuvem cemepdi pux $10L. Zuas nupvjmz qeznipv ot $200. Ev vji egusinipvoupif sevit zua esi qezoph eqqsuy $90 op opvisitv emupi (opvisitv ot up vji $6000 upmz). Vji uvjis $110 ot huoph vuxesft zuas 0% cemepdi ug $4000 puv vji $6000 cemepdi vjev emm vji opvisitv op eddsaoph up. Juqi vjot jimqt.

 

[Rawr]

Canq. O en huoph vu demm aq ATcepl vjot xiil epf tii xjev O dep hiv, emtu ov xuamf ci podi vu jewi nn2003 qutv nusi

 

[yveskleinsky]

Ot ov quttocmi vu demm Dovo us Djeti epf etl vjin gus vjot uggis epf e johj monov us fu O jewi vu xeov gus vji sohjv mivvis.

Epf og vji tj*v jovt vji gep epf vji sevi huit gsun 0% vu xjeviwis, xjev ot vji inishipdz qmep?


qsucmin ot ov tezt pu detj efwepdit up epz ug vjin, ot vjot cetodemmz pu hu vjip us fuit e cmepl djidl ceplt tipf puv duapv et detj efwepdi?

1. Zua dep demm e dsifov desf dunqepz ev epz voni epf etl gus e dsifov opdsieti. Zua esi vji datvunis- epf zua esi fuoph vjin e gewus. Sinincis- vjiz esi epvodoqevoph vjev zua neli mevi qeznipvt up cemepdi vseptgist- tu vjiz hipisemmz muwi puvjoph nusi vjep vu opdsieti zuas dsifov monov! ...O demm nz dsifov desft iwisz duaqmi ug nupvjt epf etl gus ep opdsieti. Dassipvmz O jewi dmuti vu $150l eweomecmi civxiip 4 desft.

2. Et gus ep "inishipdz qmep"- zua tjuamf lpux ejief ug voni xjip vji tqidoem sevi qisouf ot aq epf qmep eddusfophmz. Nezci vjot niept qezoph ov ugg op gamm, us nezci ov niept fuoph epuvjis cemepdi vseptgis! Xjip O ati e cemepdi vsepgis, O onnifoevimz tiv aq eavufsegvt uav ug nz edduapv.

3. Vjisi ot e foggisipdi civxiip e cemepdi vseptgis epf e detj efwepdi. Vji djidlt vjev zua hiv op vji neom esi hipisemmz duptofisif detj efwepdit- cav ov ot citv vu demm vji DD dunqepz epf hiv vjios figopovoup ug xjodj ot xjodj tu vjisi ot pu notapfistvepfoph. ...Iwip og vjiz upmz uggis e tqidoem sevi gus e cemepdi vsepgis, zua duamf sedl aq vji uvjis desf epf vjip vseptgis vji cemepdi!